FREEE Recycle Ltd.
| File:FREEE-Logo-2.png | |
| Private | |
| ISIN | 🆔 |
| Industry | |
| Founded 📆 | 17 January 2018 |
| Founder 👔 | Ifedolapo Runsewe |
| Headquarters 🏙️ | Ibadan, Nigeria |
Area served 🗺️ | |
Key people |
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| Products 📟 |
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| Members | |
Number of employees | 150 (2022) |
| 🌐 Website | https://freee-recycle.com/ng |
| 📇 Address | |
| 📞 telephone | |
FREEE Recycle Limited is a Nigerian company that focuses on waste recycling and rubber flooring manufacturing.[1] FREEE Recycle was incorporated in Nigeria in 2018. The company was formerly known as Freetown Waste Management Recycle Limited.[2]
History
The company was founded in 2018 by Ifedolapo Runsewe[3] who is currently the managing director of the company.[4]
Some setbacks regarding facility development and equipment procurement were experienced in 2020, due to the COVID-19 pandemic. However, after the COVID-19 lockdowns were eased in May 2020, the company was able to close out on its initial setup objectives such as the completion of the factory construction and renovation works, equipment installation and others in time for its commercial operations to commence in November 2020.[5]
In November 2020, FREEE Recycle commenced operations, and according to TheCable, has since been able to recycle several hundred thousand tires, into numerous rubber products including rubber mats and rubber tiles. The company currently operates a tyre recycling, rubber mat making and rubber tile production out of their factory in Oyo State, Nigeria.[6]
FREEE Recycle Holding was incorporated in July 2021 and operates out of London as a central hub for all global operations.[7]
The current recycling and manufacturing operations of the company are divided into three parts: a recycling section that recycles discarded tyres into crumb rubber, a manufacturing section, that converts crumb rubber into rubber mats and another section that converts crumb rubber into rubber tiles for both indoor and outdoor usage.[8]
Sustainability initiatives
FREEE Recycle contributes to waste management in Nigeria, through its efforts at collecting discarded tyres and preventing them from end points such as incineration and landfills.[9]
The company's recycling activities have a direct impact on carbon emissions through the prevention of CO₂ emissions, from burning of discarded tyres and the implied impacts to emissions from landfills, this also indirectly impacts malaria mortality, which is a rising issue in Africa currently.[10]
Partnerships
A memorandum of understanding was executed between FREEE Recycle and APM Terminals Apapa, which is in furtherance of APM Terminal's contribution to reducing the harmful effects of industrial wastes on the environment. FREEE Recycle also has an existing technical partnership with BASF West Africa.[11]
Pioneer certificate
Among others, the Nigerian Government acknowledged FREEE Recycle's incorporation as a contribution to its national effort at the adoption of recycling and the promotion of efficient waste management through the provision of a Pioneer certificate,[12] which grants the company tax holiday for a period of three years.[13]
References
- ↑ "'Nigeria's recycling industry is highly competitive but there are opportunities untapped'". Businessday NG. 2021-03-30. Retrieved 2022-09-08.
- ↑ "We aim to support 20,000 recycling businesses within 10 years, says Freee Recycle MD". TheCable. 2022-07-01. Retrieved 2022-09-08.
- ↑ "Mrs. Ifedolapo Runsewe: Salute To A Uniquely Creative And Industrious Nigerian". People & Power. 2021-09-25. Retrieved 2022-09-07.
- ↑ "An entrepreneur in Nigeria has found value from used car tyres". World Economic Forum. Retrieved 2022-09-07.
- ↑ "Freetown Waste Management Recycle: Transforming waste tyres into rubber tiles since its conception in 2020". 2021-11-08. Retrieved 2022-09-08.
- ↑ "We aim to support 20,000 recycling businesses within 10 years, says Freee Recycle MD". TheCable. 2022-07-01. Retrieved 2022-09-08.
- ↑ "FREEE Recycle Holding Limited – company key information". uk.globaldatabase.com. Retrieved 2022-09-08.
- ↑ Wansi, Benoit-Ivan (2022-04-14). "Nigeria: Freetown Waste recycles used tires for flooring, and it works". Afrik 21. Retrieved 2022-09-08.
- ↑ "Firm tasks FG on waste-to-wealth opportunities". The Guardian. 2022-07-04. Retrieved 2022-09-08.
- ↑ "1,000 tonnes of CO2, 1,980 malaria-related mortalities prevented through waste recycling ― Runsewe". Tribune Online. 2022-07-04. Retrieved 2022-09-09.
- ↑ "APM Terminals Apapa signs MoU with FREEE to recycle used tyres". The Guardian. 2022-06-15. Retrieved 2022-09-09.
- ↑ "Pioneer Status Incentive Reports". Nigerian Investment Promotion Commission. Retrieved 2022-09-09.[title incomplete]
- ↑ Oluchi Chibuzor (July 2022). "Experts Advocate Cross-Industry Synergy to Solve Waste Management Challenges". www.thisdaylive.com. Retrieved 2022-09-09.
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